ECOLAB INC. — Director's Dealing 2022

Aug 23, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2022-08-19

Reporting Person: GATES WILLIAM H III (10% Owner)
Reporting Person: CASCADE INVESTMENT, L.L.C. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-19	Common Stock	P	17292	$171.5576	Acquired	31144179	Indirect
2022-08-19	Common Stock	P	12929	$172.5446	Acquired	31157108	Indirect
2022-08-19	Common Stock	P	6934	$173.5931	Acquired	31164042	Indirect
2022-08-19	Common Stock	P	100	$174.2150	Acquired	31164142	Indirect
2022-08-22	Common Stock	P	12394	$169.3505	Acquired	31176536	Indirect
2022-08-22	Common Stock	P	8934	$170.3644	Acquired	31185470	Indirect
2022-08-22	Common Stock	P	84	$170.9043	Acquired	31185554	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $171.0700 to $172.0600. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F2: This transaction was executed in multiple trades at prices ranging from $172.0800 to $173.0600. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F3: This transaction was executed in multiple trades at prices ranging from $173.0900 to $174.0200. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F4: This transaction was executed in multiple trades at prices ranging from $174.1800 to $174.2500. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F5: This transaction was executed in multiple trades at prices ranging from $168.8300 to $169.8200. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F6: This transaction was executed in multiple trades at prices ranging from $169.8300 to $170.8200. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F7: This transaction was executed in multiple trades at prices ranging from $170.8800 to $170.9400. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.